AMZN has to hold $3000, or it's going to $2400

All the long term technicals are not looking so good, and after their earnings "beat" I wouldn't be surprised if this plays out. There is still the gap created from the earnings move up that needs to be filled. Hopefully it continues to hold $3000, but I am being cautious and staying on the sidelines for now.
Supply and DemandSupport and ResistanceTrend Analysis

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